National Republican., 1887-11-24
DULL AND HEAVY.
Prices OF Stocks Higher at the Close
Than at tho Opening.


New YORK, Nov. 29.--The stock market
was dull and heavy to day until the after
noon, when IL became active and strong.
There was little Of interest In the market
during the forenoon, though Richmond aud
West Point remained feature. It was
heavy with the remainder OF the list, how
ever, the coming holiday creating an indis-
position TO trade, which was taken advan-
tage Of by the bears and traders to help the
market down, and in which they had the
aid Of some realizing by the smaller bulls.
In the afternoon story was circulated TO
the effect that the report OF the investiga-
tlon committee would be very favorable to
the Union Pacific, and that stock immedi-
ately became the leader OF the market, and
before the close had advanced - per cent.
Central Pacific and Northern Pacific also
felt the stimulus, though the latter was
advanced also on the negotiation with Eu.
ropean parties Of ", ,00O, 900 OF the new third
mortgage loan.
The opening was firm TO strong, at ad.
vances extending to per cent, but the ad.
vantage was not maintained, aud New Eng
land and Kansas and Texas were specially
weak, while the entire list was depressed
below first figures. The activity was small
and the market remained in the neighbor.
hood of the lowest prices until the after
noon, when Union Pacific suddenly became
active and strong, and In the next two
hours the entire list moved up steadily, and
though there was a slight reaction In the
first hour the rise was again resumed, and
the close was quiet, though strong, at the
best prices Of the day. The result of the
days business is that most Of the active list
are higher tonight, though advances are
not, save in few cases, for more than frac-
tlonal amounts.
Money on call has been easy, ranging
from 3 TO D, last loan at 3, and clos.
| ing offered at 8. Sterling exchange ia
| to 4s2l for G0.day bills, and 1851 to 1851 for
demand. Posted rates 4S2l TO 4s6l. Gov
ernment bonds dull and steady. State bonds
entirely neglected.
Treasury baiances-Coin, Sl3l ,4eO,9lS;
currency, $l0,Sll,4e3
Tho following were the closing bid quo
tations:
as, cong. 12c2s ~; 1885; Pac. es of, ,85, l2l1g;
i La Cons olSSi No. 6s 81 49, iol% n. G. Con;
g. iSl 80 y dS,, ss; DO, SS, s.; son5oS iSS
Al; Cen, Pac frsts, il5IS; Denver aud
Rio Grande tlrsts, 75 NJ. X, aud T., gen. s., si5s
do o. JlA NSrthsrn pac hrs.s llS%i DO
dcbenture, lG7; st. /. and San Fran. 1881; st.
Paul con-, l25 st. q, and Pac; arsls, llo;
sontheyn Pac Col rSts no y Ids, RG g.
|
lNGI; Adams Express, 40; Alton and t. II.
| 40; do. pfd., 75; Am. Express, los; Bos. Air
| Line pld., 9S; y. O. and X. N. 80; Canada
Southern, 5S,5; Canton, $50; Cen. Pac 33I9;
Ches. and Ohio, 3: Chicago and Alton. 1876;
DO. pid,, l55: q; b. and g, ,fl2o]]99; Cieye;;
land and Col 527 q; Con. Coal, "a; Del. aud
Hud. 1925; Del. u Lack, 1870; Den. & Il, c.,
2i1s; Erie $685. do pfd, &C; Fort Wayne, l5OlS;;
Harlem 2li; Hous. 4 Tex, 20; III. Cent. 1862;
Kansas 4 Texas, POS; l.. E. & w., ID;
Lake Shore, 965s: Lyl. and Nash, 62lS;
Man., y Con-, i0l; N. and Char, SO;
NJ. d L., lag: Mich. Cen, 90H; Mo. Pac.,
9l5S; Mob. and o.. o. Mar. and E., 1877;
N. Chat, 7s15; N. J. Gen., 7S1a Norfolk and
Western pfd., 43l 4 Northern Pac, 23i do pid. =,
Y. Cen, 1Og2s Chicago and 81. L., 10la; do.
pfd, rs; Ohio and Miss, "a: do. pfd., So;
Oregon Nav, 90l$ Pac. Mail, 3SH; Pitts.
burg. l5l; Reading, 7lA; Rich. and Allie, O.
Rich. and W. p. Ter, 2Sla; Rock Island, 1l5
7Sl5 do. first -pfd, 49, st. Paul, 7Sls; do ptd,
III; 81, P. and O.. 405s; do. pfd, 1919: Tenn
Q. and l., 80}ss; Texas Pac., 275s; Union Pac.,
| 57iS; u. s. X, 65; Wab. Pac., lS5A; do pfd., 80;
Wells Fargo, 1913; West. Union, 79}E Silver
Certificates, 96l4; Cotton Oil Trust, 32; Quick
silver. 6}S; do. pfd.. %.
FAsked. fEx-dividend.
Grain and ProvisiOns.